Now, in addition to JVC’s compliance packages for USA PATRIOT Act/AML and Red Flags Compliance, JVC members will have exclusive access to Veratad’s online compliance tools for identity verification, OFAC look up and online Red Flags Rule Compliance.
Using Veratad’s online ID verification, Jewelers can reduce their risk of credit card chargebacks by verifying a customer’s identity before making the sale.
By delivering real-time verifications that include OFAC, Veratad‘s identity verification can also be used as an aid for compliance with the FTC’s Red Flags Rule and the Anti-Money Laundering provisions of the USA PATRIOT Act.
· Easy to use Online Virtual Terminal
· User Friendly Data Entry
· Instantly Validates Name and Address
· Verifies Identity with 4 “Challenge Questions”
· Can be Integrated With Your Website
· Avoid Costly Chargebacks
· Immediate Verification Access-No software to install
· Simple to Implement and Simple to Use
· Enhanced PATRIOT Act/AML-Red Flags Rule Compliance
· Manage Liability and Protect Business Reputation
· Reduce Incidents of Inaccurate Information
· Low Cost Solution with Low Monthly Subscription Fee